eBay Founder Donates $100 Million to Tufts University

November 4th 2005 | General

The founder of eBay donated $100 million to Tufts University to use for making loans as little as $40 to people in developing countries who want to start businesses.

Pierre Omidyar and his wife, Pam Omidyar, said they want their alma mater’s largest gift ever to show how so-called microfinance loans can be used as a development tool, promoting small-scale enterprises like weaving or farming.

Yahoo News

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eBay Founder Donates $100 Million to Tufts University
Published in: General on 2005-11-04